Highest-materiality recent filing
Customers Bancorp Q1 EPS $1.97, deposits up 14% YoY to $21.6B
Net income available to common $69.7M ($1.97 diluted EPS); core EPS also $1.97.
Sam Sidhu's first letter: record 2025 core EPS $7.61, TBVPS $61.77; 2026 NII guidance $800-$830M
Sam Sidhu succeeded Jay Sidhu as CEO on Jan 1, 2026 in a planned multiyear transition.
Customers Bancorp reports 2025 core EPS $7.61, guides 8-12% loan/deposit growth for 2026
2025 core EPS $7.61 (vs $2.35 in 2019); revenue $818M; NIM 3.32%; core ROE 13.7%.
Customers Bancorp Q4 GAAP EPS $1.98, core $2.06; record NII; guides 2026 loan growth 8-12%
Q4 net income $70.1M ($1.98/diluted EPS); core earnings $72.9M ($2.06/diluted EPS). Full-year GAAP EPS $6.26, core $7.61.
Sam Sidhu becomes CEO of Customers Bancorp and joins board; Jay Sidhu named Executive Chairman
Sam Sidhu appointed CEO effective Jan 1, 2026, succeeding Jay Sidhu under planned July 2025 succession.
Customers Bancorp Q3 net income $73.7M ($2.20 EPS); NIM 3.46%, CET1 13.0% after $163M equity raise
Q3 2025 net income available to common $73.7M, diluted EPS $2.20; core earnings $73.5M, core EPS $2.20.
Customers Bancorp closes ~$172.5M equity offering; 2.5M shares at $68.50
Aggregate gross proceeds ~$172.5M from 2,518,248 shares (incl. full over-allotment) at $68.50/share.
Customers Bancorp CEO Jay Sidhu to retire; son Sam Sidhu to succeed as CEO effective Jan 1, 2026
Jay Sidhu retires as CEO, becomes Executive Chairman of both Bancorp and Bank effective Jan 1, 2026.
Mr. Philip Watkins, currently Executive Vice President, Chief Financial Officer of the Company, will transition to Executive Vice President, Head of Corporate Development and Investor Relations, on or around August 15, 2025.
Mark McCollom has been appointed Executive Vice President, Chief Financial Officer of Customers Bank, the Company’s wholly owned subsidiary, effective June 2, 2025, and will assume the role of Executive Vice President, Chief Financial Officer of the Company from Mr. Watkins effective on or around August 15, 2025.
On May 27, 2025, Daniel K. Rothermel, who was reelected for a one-year term as a member of the board of directors of Customers Bancorp, Inc. (the “Company”) at the Company’s Annual Meeting of Shareholders held on May 27, 2025, and who is also a member of the board of directors of Customers Bank, the Company’s wholly-owned subsidiary, informed the Company that he intends to retire from the board of directors and will not stand for reelection at the Company’s 2026 Annual Meeting of Shareholders.
Max materiality 0.85 · Median 0.55 · Most common event leadership